EY-Parthenon has expanded its pensions strategy practice with four new senior appointments.
Marc Hommel has been appointed to lead EY-Parthenon’s UK Pensions Actuarial practice. Hommel has over 30 years experience in the industry, having previously held senior roles at PwC and is a found of The Pensions Superfund.
Other appointments include Leah Evans, who will lead EY-Parthenon’s UK Pensions End-State Advisory and Pensions Risk Transfer Transactions practice. She joins from Mercer, where she advised UK and multinational clients on pensions strategy and risk management. Leah is also the chair of the Pensions Board of the Institute and Faculty of Actuaries.
Julianna Oladipo will lead EY-Parthenon’s UK Pensions Fund Operational and Governance Effectiveness practice. For the last 14 years Julianna has been group pensions director to EY’s own UK and Irish pension arrangements including leading on strategy and governance.
Rich Cowell will also join EY-Parthenon’s Covenant Advisory team to build out its core capabilities and support the integrated covenant and actuarial transactions teams, focusing on transactions involving DB pension schemes from a buy-side, sell-side and trustee perspective.
Cowell previously, he had a major strategy and transformation role at Royal Mail Group.
EY-Parthenon’s practice — which offers services to pension scheme sponsors and trustees, capital providers, government, regulators and policymakers — has seen an 18 per cent revenue growth in its advisory services over the past financial year and is planning to double its size in the next three years.
Marc Hommel, EY-Parthenon actuarial advisory leader says: “I am thrilled to have been asked to lead on implementing EY-Parthenon’s ambitious growth plans for its Pension Strategy practice. The investment to build out the team’s capabilities at all levels reflects both growing market demand and EY-Parthenon’s overall commitment to being a leading and strategic broad-based consulting advisory firm.”
Karina Brookes, EY-Parthenon Covenant Advisory Leader, comments: “Our expanding Pension Strategy team is delivering impressive outcomes for sponsors and trustees across the UK, and we are advising on a number of new and complex mandates.
“With the worst of the pandemic’s economic disruption hopefully now behind us, firms are now firmly in forward planning mode. We expect the next six months to witness significant restructuring and transaction activity, and as sustainability increasingly becomes a boardroom priority, firms are ramping up activity on this agenda, focused currently on the challenges climate change and the energy transition are presenting. Our growing team is well placed to provide cross-industry consultancy to sponsors and trustees on how best to manage their pension obligations efficiently to secure member benefits.”